KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Google is making a significant investment in the development of small modular reactors (SMRs) , backing a partnership with Kairos Power to construct reactors that use molten-salt cooling technology . The agreement is part of Google’s strategy to secure carbon-free electricity for its expanding network of data centers over the next decade. Power supplies from these SMRs are expected to come online between 2030 and 2035 . The deal includes support for Kairos Power's 50-megawatt (MW) demonstration Hermes project in Tennessee, followed by commercial-scale reactors sized at 75MW , with the aim of generating a total of 500 MW of clean energy . With rising demand for electricity due to the rapid growth of artificial intelligence (AI) systems , tech companies like Google are increasingly looking for reliable, carbon-free energy sources . The move is seen as a way to avoid dependence on natural gas plants and to align with environmental goals . “This is the first agreement of its kind,...